Ron Baron

Ron Baron

Last Update: 11-15-2016

Number of Stocks: 309
Number of New Stocks: 24

Total Value: $18,864 Mil
Q/Q Turnover: 2%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ron Baron' s Profile & Performance

Profile

Ron Baron is the founder of Baron Capital Management. He is Co-Portfolio Manager of Baron Asset Fund and remains Portfolio Manager of the Growth and Partners Funds. Baron graduated from Bucknell University with a B.A. in Chemistry, and later attended George Washington University Law School in the evenings.

Web Page:http://www.baronfunds.com/

Investing Philosophy

Ron Baron invests primarily in small and mid-size growth companies. He likes companies with open-ended growth opportunities and defensible niches. He applies a bottom-up company research, invests for the long-term, and tries to purchase companies at what he believes are attractive prices. He invests in growth companies using a value-oriented purchase discipline. Baron ignores short-term market fluctuations when he believes the fundamental reasons for purchasing a company have not changed. He holds investments for longer than five years on average.

Total Holding History

Performance of Baron Partners Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-2.711.19-3.9
201410.2613.69-3.4
201347.6332.3915.2
3-Year Cumulative58.4 (16.6%/year)52.3 (15.1%/year)6.1 (1.5%/year)
201216.4160.4
2011-5.742.11-7.8
5-Year Cumulative73.8 (11.7%/year)80.4 (12.5%/year)-6.6 (-0.8%/year)
201031.5215.0616.5
200928.226.461.7
2008-46.67-37-9.7
200711.345.495.9
200621.5515.795.8
10-Year Cumulative111.4 (7.8%/year)102 (7.3%/year)9.4 (0.5%/year)
200514.374.919.5
200442.3510.8831.5
200334.9528.686.3
2002-18.07-22.14.0
2001-15.71-11.89-3.8
15-Year Cumulative220.8 (8.1%/year)107.5 (5%/year)113.3 (3.1%/year)
20004.82-9.113.9
199918.4221.04-2.6
199811.6828.58-16.9
199749.8833.3616.5
199616.1322.96-6.8
20-Year Cumulative674.1 (10.8%/year)381.4 (8.2%/year)292.7 (2.6%/year)
199536.9437.58-0.6
19944.761.323.4
199328.7810.0818.7
199216.837.629.2

Top Ranked Articles

Baron Funds Comments on athenahealth Guru stock highlight
There is no truth to the rumor that we bought shares of athenahealth, Inc. (NASDAQ:ATHN) after watching its CEO, Jonathan Bush (yes, that Bush) administer CPR on the street to a distressed passerby and saving his life on TV. We bought the shares a few weeks prior to that but admit it was one of the coolest things and we are proud to invest with Jonathan. Athena provides cloud-based business services for physicians and other health care providers. The company’s flagship offering, athenaCollector, automates and manages billing-related functions for medical practices. Other offerings include a cloud-based electronic health service, patient engagement and communication service, and population health management service. We believe athena’s offering is unique. Clients operate on a single web-based version of athena’s software and benefit from real-time updates and the collective experience of other clients. This contrasts with traditional, onpremise software, which requires expensive installations and upgrades. The result is that athenaCollector clients experience faster reimbursement from payors and increased collections. Athena’s other service offerings help health care providers operate Read more...
Baron Funds Comments on Press Ganey Holdings Guru stock highlight
Press Ganey Holdings, Inc. (NYSE:PGND) is a leading provider of patient experience and employee engagement measurement, analytics, and strategic advisory services for health care organizations. The foundation of the business is its proprietary data set, which it collects from surveys of patients, doctors, nurses, administrators, and employees. In 2015, it distributed 105 million surveys, including 33 million electronically and 72 million by mail or phone. Read more...
Baron Funds Comments on CoStar Group Guru stock highlight
Shares of CoStar Group, Inc. (NASDAQ:CSGP), a real estate data and marketing services company, fell in the first quarter as high-growth, high-multiple technology stocks sold off. The company reported financial results that were ahead of Street expectations, particularly on margin expansion. Bookings growth was strong. We believe that CoStar has potential to generate accelerating organic revenue growth and significant margin expansion as it leverages the multifamily marketing investments it has made over the last 18 months. (Neal Rosenberg) Read more...
Baron Funds Comments on MonotaRO Co. Ltd. Guru stock highlight
We currently own MonotaRO Co. Ltd. (TSE:3064) within the Industrials sector. Japan-based MonotaRO is an online distributor of machine tools, engine parts, and consumables for maintenance, repair, and operations (MRO) activity in Japan and is a strategic supply chain partner to Japanese businesses. U.S.-based W.W. Grainger is the company’s majority owner. Its online business model avoids the fixed costs of store-based competitors and allows it to pass on cost savings to its customers. We expect MonotaRO to continue to grow its share of the Japanese MRO segment and expand and compete in other large markets such as Korea. Read more...
Baron Funds Comments on IDEXX Laboratories Inc. Guru stock highlight
Shares of IDEXX Laboratories, Inc. (NASDAQ:IDXX), the leading provider of testing and diagnostics to veterinarians, gained after the company reported another quarter of strong financial results. We continue to believe that IDEXX’s business trends are improving and that its competitive position is becoming increasingly unassailable. The company’s placements of new diagnostic instruments in veterinary hospitals grew by almost 25% in its recent quarter. We expect this to be a key driver of future growth because these instruments require the ongoing purchase of high-margin consumables to perform in-clinic tests. In addition, the company’s network of domestic testing laboratories continued to grow at more than twice the rate of its main competitor. We believe that these trends, coupled with the revenue contributions from its new proprietary tests, has potential for better revenue and earnings growth during the next few years. Read more...
» More Ron Baron Articles

Commentaries and Stories

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Insulet Insider Invests in Company CEO purchases 40,000 shares Jim Simons,Ron Baron - Insulet Insider Invests In Company
Insulet Corp. (PODD) CEO and Chairman Patrick Sullivan (Insider Trades) acquired 40,000 shares of the company on Dec. 2. The price was $33.89 per share for a total transaction of $1,355,600. More...

PATRICK SULLIVAN, INSULET CORP, INSIDER TRADES


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Leukemia Treatment Achieves Promising Results 88% of patients got complete marrow response Ron Baron,NWQ Managers,Joel Greenblatt,David Drema -  Leukemia Treatment Achieves Promising Results
Juno Therapeutics Inc. (NASDAQ:JUNO) communicated through the Business Wire on Dec. 3 that the results from the study undertaken in patients affected with lymphocytic leukemia (CLL) and treated with JCAR014 were promising. More...

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Scott Black’s Top 4 New Holdings of 3rd Quarter Guru’s largest purchase is research and development company Scott Black,Ron Baron,Jim Simons,Paul Tudor Jones, - Scott Black’s Top 4 New Holdings Of 3rd Quarter
Scott Black (Trades, Portfolio), president and founder of Delphi Management, acquired nine new holdings in the third quarter. His top four new positions are Icon PLC (NASDAQ:ICLR), Lionbridge Technologies (NASDAQ:LIOX), Omega Healthcare Investors (NYSE:OHI) and National General Holdings Corp. (NASDAQ:NGHC). More...

SCOTT BLACK, DELPHI, BUYS, Q3


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Scott Black Exits Avnet, Deckers in 3rd Quarter An overview of the guru's largest 3rd-quarter trades Scott Black,Ron Baron,Meridian Funds,Jim Simons,St - Scott Black Exits Avnet, Deckers In 3rd Quarter
Scott Black is the chairman, president, chief investment officer and chief compliance officer at Delphi Management Inc. During the third quarter the guru’s largest trades were: More...

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Baron Energy and Resources Fund Comments on Noble Midstream Partners Guru stock highlight
Noble Midstream Partners LP (NYSE:NBLX) was spun out of Noble Energy, Inc. as an initial public offering during the third quarter. Noble Midstream owns and operates portions of the oil and gas gathering, transportation and processing assets that are primarily located around Noble Energy’s operations in Colorado and Texas. We know the Noble assets extremely well, having been investors in Noble Energy for the past several years and see solid organic and inorganic growth potential at Noble Midstream over the next five years. The primary drivers of distributable cash flow growth at Noble Midstream will come from Noble Energy’s ability to grow oil and gas production volumes in Colorado and Texas, and Noble Midstream’s dropdown acquisitions over the next several years. More...

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Baron Energy and Resources Fund Comments on Forum Energy Technologies Guru stock highlight
Forum Energy Technologies (NYSE:FET) is a U.S.-based oilfield equipment manufacturing company that we think will benefit significantly from the pending upturn in drilling and well completion activity in the U.S. and Canada. It is our opinion that the long downturn in drilling and completion activity came to an end in the second quarter of this year and we expect to see rising levels of activity into year end and throughout 2017. Many of Forum’s products are critical consumable components that are used during the well completion and hydraulic fracturing process, and some of its capital equipment products are in high demand as customers seek to upgrade and refurbish equipment that has either been idled or cannibalized for parts. We believe that industry inventories of these products have been depleted in the past two years, which should lead to a quicker turnaround in Forum’s business than in other oilfield equipment and service business, which are still dealing with capacity and inventory overhangs. Not only are we interested in Forum because of the likelihood that its business is one of the first responders to an upturn in activity, More...

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Baron Energy and Resources Fund Comments on Anadarko Guru stock highlight
Anadarko (NYSE:APC) is a U.S.-based independent oil & gas producer that has a more diversified mix of operations than most of its peers. The company has strong onshore positions in some of the most attractive U.S. shale basins, including the Delaware sub-basin in the Permian basin. These positions are complemented by one of the best offshore, deepwater exploration and development teams in the industry, which drove Anadarko’s successful growth in deepwater production in both the Gulf of Mexico and offshore West Africa. In the third quarter, Anadarko purchased the bulk of Freeport McMoran’s deepwater Gulf of Mexico assets for an attractive price, and in doing so, it added assets that will generate substantial free cash flow in the next five years and improved its own liquidity position. This deal removed some of our biggest concerns around Anadarko’s growth and liquidity profiles, which combined with an attractive valuation created the catalyst for us to add the stock back into the portfolio. We think that Anadarko now offers a great combination of accelerating growth and improving returns at a solid discount to both net asset More...

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Baron Energy and Resources Fund Comments on Barrick Gold Corp Guru stock highlight
Shares of gold mining company Barrick Gold Corporation (NYSE:ABX) fell during the third quarter in concert with a decline in gold prices. Gold prices surged following the Brexit vote in late June. As equity markets recovered, concerns over Brexit eased, and concerns regarding less accommodative monetary policies rose, gold and gold equities weakened. We believe it is prudent to maintain a modest exposure to gold at this time. We think the shares are attractively valued based on our outlook for gold pricing, Barrick’s growing gold volumes, and falling cost structure. More...

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Baron Energy and Resources Fund Comments on Core Laboratories N.V. Guru stock highlight
Core Laboratories N.V. (NYSE:CLB) is a leading provider of core and fluid analysis to the oil and gas industry. Shares fell on moderated short-term growth and margin recovery estimates and reduced revenue guidance. Core Labs dominates its niche, has limited competition, provides value added, non-commoditized services, and generates the highest returns on equity and capital in the industry. We believe strong secular growth drivers in each of its three businesses will allow it to outgrow other oilfield service companies while generating premium returns. More...

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Baron Energy and Resources Fund Comments on SolarEdge Technologies Guru stock highlight
Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG), a leading maker of inverters for solar energy systems, detracted in the third quarter as changes in the U.S. market appeared to dampen growth prospects of large installers. As the business model shifts from lease to own, the U.S. solar market is shifting from large installers to smaller, local vendors. Fears around pricing pressure due to increased competition also hurt the stock price. Although we believe this is a temporary structural adjustment, we decided to reduce our position as the market transitions. More...

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Baron Energy and Resources Fund Comments on Concho Resources Guru stock highlight
Concho Resources, Inc. (NYSE:CXO) is an independent oil and gas E&P company focused on the Permian basin in West Texas and New Mexico. Shares rose in the third quarter on increased production guidance, lowered cash costs, and a solid operations update, as well as strong M&A activity in the Delaware basin, which highlighted the value of its holdings in the basin. As one of the best run mid-cap E&P companies, in our view, we believe Concho is well positioned to exploit the deep economic inventory of drilling locations where it operates. More...

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Baron Energy and Resources Fund Comments on Encana Corp Guru stock highlight
Encana Corp. (NYSE:ECA) is an E&P company with primary operations in Western Canada and Texas. Shares rose in the third quarter on raised production guidance, lowered cash costs, and significantly increased drilling activity in its highest return area. Encana has strong positions in two of the more attractive oil resource plays in the Permian and Eagle Ford basins and two of the lowest cost natural gas resource basins in Western Canada. Given its long-term growth potential, we think Encana is one of the most attractively valued E&Ps in the industry. More...

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Baron Energy and Resources Fund Comments on Parsley Energy Guru stock highlight
Parsley Energy, Inc. (NYSE:PE) is an independent E&P company focused on the Permian basin in West Texas. Shares rose in the third quarter on strong operational performance, significantly raised production guidance, lowered cash costs, and a three-year growth outlook that exceeded even the most bullish estimates. Parsley also boosted its drilling inventory through an acquisition. We expect Parsley will continue to deliver peer-leading operational performance, capitalize on its strong balance sheet, and grow its footprint through acquisitions. More...

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Baron Energy and Resources Fund 3rd Quarter Commentary Overview of market and holdings Ron Baron - Baron Energy And Resources Fund 3rd Quarter Commentary
Dear Baron Energy And Resources Fund Shareholder: More...

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Ron Baron Expands 5 Positions in 3rd Quarter Guru reports quarterly portfolio Ron Baron - Ron Baron Expands 5 Positions In 3rd Quarter
Baron Capital Management founder Ron Baron (Trades, Portfolio) manages several funds, including the Growth and Partners Funds. As discussed in its summary prospectus, the Baron Partners Fund seeks long-term capital appreciation through equity investments with significant growth opportunities, sustainable competitive advantages, good management and attractive valuations. The fund invests in company stocks using a bottom-up approach and a value-oriented discipline. During the third quarter, the Partners Fund increased its positions in Robert Half Financial Inc. (NYSE:RHI), Netflix Inc. (NASDAQ:NFLX), Alibaba Group Holding Ltd. (NYSE:BABA), Baidu Inc. (NASDAQ:BIDU) and Tesla Motors Inc. (NASDAQ:TSLA). More...

RON BARON, CHUCK ROYCE, JOEL GREENBLATT, GEORGE SOROS, JOHN GRIFFIN, HOWARD MARKS,


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Baron Funds Comments on Netflix Guru stock highlight
We initiated a position in Netflix, Inc. (NASDAQ:NFLX) in the quarter. Netflix is the leading provider of on-demand streaming media that is now available in over 100 countries worldwide. We view that this form of Internet TV, which is on demand, personalized, and available anywhere, is replacing the linear TV experience. Netflix management has targeted 60 to 90 million U.S. subscribers long term and approximately twice that number globally. We view recent partnerships with multi-channel video programming distributors such as Comcast, DISH, and Virgin, who have integrated the Netflix offering on to their platforms as another positive. As the company scales subscribers as it has in the U.S., we expect margin expansion to follow accordingly. (Ashim Mehra) More...

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Baron Funds Comments on Inovalon Holdings Guru stock highlight
The Fund added to its position in Inovalon Holdings, Inc. (NASDAQ:INOV), a health care data and analytics company. The foundation of the company is a proprietary data set which contains more than 11.3 billion medical events from 132 million unique patients. This data powers Inovalon’s advanced analytics, which help insurers identify gaps in care, quality, data integrity, and financial performance. Clients leverage Inovalon’s intervention platforms to drive improvement in clinical and quality outcomes, utilization, and financial performance across the health care landscape. The company addresses a $14 billion annual opportunity in its core markets, with growth driven by the need to reduce inexorable health care cost inflation and the shift to value-based health care from consumption-based health care. Inovalon has recently announced beachhead relationships with Quest Diagnostics to enter the provider market, with Kindred Healthcare to enter the post-acute care market, and with Bristol-Myers to enter the pharma market. We believe that addressing these adjacencies can increase Inovalon’s total addressable market More...

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Baron Funds Comments on Robert Half International Guru stock highlight
An attractive entry point led us to establish a position in Robert Half International, Inc. (NYSE:RHI), a company we have admired for many years and owned in various accounts since 1990. Founded in 1948, Robert Half is the first and largest provider of specialized staffing services, competing globally in some of the most attractive, highest margin segments of the staffing industry–finance, accounting, and IT- which are benefiting from strong secular demand and skilled worker shortages. We believe Robert Half has unique competitive advantages including its market positioning, strong brand name, and best-in-class management. Its focus on small- and middle-market clients, rather than large national accounts supports premium pricing leading to higher margins. Robert Half continues to invest in sophisticated technologies to improve its candidate sourcing and management and job placement capabilities. In addition to its staffing business, we believe the competitive advantages of Robert Half’s Protiviti subsidiary, a leading independent internal audit and business and technology risk consulting firm, More...

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Baron Funds Comments on Tesla Motors Guru stock highlight
Shares of electric vehicle company Tesla Motors, Inc. (NASDAQ:TSLA) fell during the third quarter as the market continued to evaluate the potential merger with SolarCity. An investigation into a fatal accident involving Tesla’s autopilot and the possibility of an additional equity round by year end also pressured the stock. We feel good about the brand Tesla has built and its ability to bring substantial innovation to its products. Tesla has received over 370,000 Model 3 reservations, representing close to $18 billion in backlog and the largest product launch in history. (Gilad Shany) More...

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Baron Funds Comments on Inovalon Holdings Guru stock highlight
Shares of health care data and analytics vendor Inovalon Holdings, Inc. (NASDAQ:INOV) fell in the third quarter on weak financial results and reduced guidance through year end. Management attributed the revenue shortfall to price reductions in its retrospective risk adjustment business, and the margin shortfall to investments aimed at long-term growth. We think the recent poor performance is temporary. Inovalon has high quality products that generate solid return on investment for its customers, and we think it is well positioned to capitalize on the need for robust data and analytics in health care. (Neal Rosenberg) More...

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